Analysts Are Bullish on Top Materials Stocks: FMC (FMC), Freeport-McMoRan (FCX)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on FMC (FMC) and Freeport-McMoRan (FCX) with bullish sentiments.
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FMC (FMC)
In a report released today, Edlain Rodriguez from Mizuho Securities maintained a Buy rating on FMC, with a price target of $21.00. The company’s shares closed last Tuesday at $17.42.
According to TipRanks.com, Rodriguez is a 4-star analyst with an average return of
FMC has an analyst consensus of Hold, with a price target consensus of $16.15, implying a -11.0% downside from current levels. In a report released today, Goldman Sachs also assigned a Buy rating to the stock with a $21.00 price target.
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Freeport-McMoRan (FCX)
In a report released today, Liam Fitzpatrick from Deutsche Bank maintained a Buy rating on Freeport-McMoRan, with a price target of $72.00. The company’s shares closed last Tuesday at $68.27.
According to TipRanks.com, Fitzpatrick is a 5-star analyst with an average return of
Freeport-McMoRan has an analyst consensus of Strong Buy, with a price target consensus of $71.00, which is a 3.6% upside from current levels. In a report issued on April 1, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $70.00 price target.
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